feat: sip 46

helpers/SeamlessAddressBook.sol

@@ -53,6 +53,7 @@ library SeamlessAddressBook {
   address constant SEAM_EMISSION_MANAGER_2 = 0x785c979EE8709060b3f71aEf4f2C09229DB90778;
 
   address constant GUARDIAN_MULTISIG = 0xA1b5f2cc9B407177CD8a4ACF1699fa0b99955A22;
+  address constant SEAMLESS_CONTRIBUTOR_MULTISIG = 0x783Cbb9387eE592E08125dCDb3e59ddFA73a6113;
 
   address constant SEAMLESS_AERA_VAULT_ADMIN = 0x0ec9a61BD923CBaF519b1bAEF839617f012344E2;
 

proposals/sip_46/DeployProposal.s.sol

@@ -0,0 +1,30 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.25;
+
+import { Script, console } from "forge-std/Script.sol";
+import { Proposal } from "./Proposal.sol";
+import { IGovernor } from "@openzeppelin/contracts/governance/IGovernor.sol";
+import { SeamlessAddressBook } from "../../helpers/SeamlessAddressBook.sol";
+
+contract DeployProposal is Script {
+    function setUp() public { }
+
+    function run(string memory descriptionPath) public {
+        Proposal proposal = new Proposal();
+
+        // Change this to GOVERNOR_LONG if you want to make proposal on the long governor
+        IGovernor governance = IGovernor(SeamlessAddressBook.GOVERNOR_SHORT);
+
+        string memory description = vm.readFile(descriptionPath);
+
+        address proposerAddress = vm.envAddress("PROPOSER_ADDRESS");
+        vm.startBroadcast(proposerAddress);
+        governance.propose(
+            proposal.getTargets(),
+            proposal.getValues(),
+            proposal.getCalldatas(),
+            description
+        );
+        vm.stopBroadcast();
+    }
+}

proposals/sip_46/Proposal.sol

@@ -0,0 +1,39 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.21;
+
+import {
+    SeamlessGovProposal,
+    SeamlessAddressBook
+} from "../../helpers/SeamlessGovProposal.sol";
+import { ISeamEmissionManager } from
+    "@seamless-governance/interfaces/ISeamEmissionManager.sol";
+import { IERC20 } from "@openzeppelin/contracts/interfaces/IERC20.sol";
+
+contract Proposal is SeamlessGovProposal {
+    uint256 public constant budgetAmount = 11_000_000 * 1e18;
+
+    constructor() {
+        _makeProposal();
+    }
+
+    /// @dev This contract is not deployed onchain, do not make transactions to other contracts
+    /// or deploy a contract. Only the view/pure functions of deployed contracts can be called.
+    function _makeProposal() internal virtual override {
+        _addAction(
+            SeamlessAddressBook.SEAM_EMISSION_MANAGER_2,
+            abi.encodeWithSelector(
+                ISeamEmissionManager.claim.selector,
+                SeamlessAddressBook.TIMELOCK_SHORT
+            )
+        );
+
+        _addAction(
+            SeamlessAddressBook.SEAM,
+            abi.encodeWithSelector(
+                IERC20.transfer.selector,
+                SeamlessAddressBook.SEAMLESS_CONTRIBUTOR_MULTISIG,
+                budgetAmount
+            )
+        );
+    }
+}

proposals/sip_46/TestProposal.t.sol

@@ -0,0 +1,78 @@
+// SPDX-License-Identifier: UNLICENSED
+pragma solidity ^0.8.25;
+
+import { GovTestHelper } from "../../helpers/GovTestHelper.sol";
+import { Proposal } from "./Proposal.sol";
+import { SeamlessAddressBook } from "../../helpers/SeamlessGovProposal.sol";
+import { ISeamEmissionManager } from
+    "@seamless-governance/interfaces/ISeamEmissionManager.sol";
+import { IERC20 } from "@openzeppelin/contracts/interfaces/IERC20.sol";
+
+contract TestProposal is GovTestHelper {
+    Proposal public proposal;
+
+    function setUp() public {
+        vm.rollFork(29282991);
+        proposal = new Proposal();
+    }
+
+    function test_seamClaimedAndTransferedToGuardian_afterPassingProposal()
+        public
+    {
+        IERC20 seam = IERC20(SeamlessAddressBook.SEAM);
+
+        uint256 contributorBalanceBefore =
+            seam.balanceOf(SeamlessAddressBook.SEAMLESS_CONTRIBUTOR_MULTISIG);
+        uint256 timelockBalanceBefore =
+            seam.balanceOf(SeamlessAddressBook.TIMELOCK_SHORT);
+        uint256 emissionManagerBalanceBefore2 =
+            seam.balanceOf(SeamlessAddressBook.SEAM_EMISSION_MANAGER_2);
+
+        uint256 expectedEmissionClaimAmount2 =
+        _expectedEmissionManagerClaimAmount(
+            ISeamEmissionManager(SeamlessAddressBook.SEAM_EMISSION_MANAGER_2)
+        );
+
+        _passProposalShortGov(proposal);
+
+        uint256 contributorBalanceAfter =
+            seam.balanceOf(SeamlessAddressBook.SEAMLESS_CONTRIBUTOR_MULTISIG);
+        uint256 timelockBalanceAfter =
+            seam.balanceOf(SeamlessAddressBook.TIMELOCK_SHORT);
+        uint256 emissionManagerBalanceAfter2 =
+            seam.balanceOf(SeamlessAddressBook.SEAM_EMISSION_MANAGER_2);
+
+        assertEq(
+            contributorBalanceAfter,
+            contributorBalanceBefore + (11_000_000 * 1e18)
+        );
+        assertEq(
+            timelockBalanceAfter,
+            timelockBalanceBefore + expectedEmissionClaimAmount2
+                - (11_000_000 * 1e18)
+        );
+        assertEq(
+            emissionManagerBalanceBefore2 - emissionManagerBalanceAfter2,
+            expectedEmissionClaimAmount2
+        );
+    }
+
+    function _expectedEmissionManagerClaimAmount(
+        ISeamEmissionManager emissionManager
+    ) internal returns (uint256) {
+        uint256 snapshotId = vm.snapshot();
+
+        _passProposalShortGov(proposal);
+
+        uint64 currentTimestamp = uint64(block.timestamp);
+
+        require(
+            vm.revertToAndDelete(snapshotId), "Failed to revert to snapshot"
+        );
+
+        uint256 emissionPerSecond = emissionManager.getEmissionPerSecond();
+        uint64 lastClaimedTimestamp = emissionManager.getLastClaimedTimestamp();
+
+        return (currentTimestamp - lastClaimedTimestamp) * emissionPerSecond;
+    }
+}

proposals/sip_46/description.md

@@ -0,0 +1,56 @@
+# [SIP-46] From Bootstrap to Growth: Continuing Seamless DAO’s Support of Core Contributors
+
+## Summary
+This proposal seeks the DAO’s approval to allocate an additional 11% in SEAM tokens to core contributors to support the long-term development, strategic hiring, security efforts, and other alignment grants for Seamless Protocol over the next 2–4 years. This allocation will bring the total contributor allocation to 22%, aligning with industry norms while maintaining strong DAO ownership of the token supply and positioning Seamless for long-term success in an increasingly competitive DeFi landscape.
+
+## Context and motivation
+Since June 2023, the core contributors of Seamless Protocol have operated as a bootstrapped team, delivering significant value with limited resources. From the outset, Seamless was [launched as a fair launch project](https://docs.seamlessprotocol.com/governance/seam-tokenomics), allocating only 11% of the token supply to the team and advisors (8% to the core team and 3% to advisors) — well below industry benchmarks.
+
+Despite these lean conditions, the team has delivered several major milestones:
+
+- The **legacy lending/borrowing platform** achieved over **$100M TVL**
+- Release of **Integrated Liquidity Markets (ILMs) v1**
+- Successful integration with **Morpho vaults**, driving over **$75M TVL**
+- **Tokenomics** update and [launch of staking (stkSEAM)](https://www.tally.xyz/gov/seamless-protocol/proposal/92522935634842794439797309771367244712332370162121897616517014635998973064164)
+- Upcoming release of **Leverage Tokens** (currently under audit from Spearbit, targeting a May release)
+- Ongoing execution across roadmap and master plan initiatives
+
+This track record reflects both strong contributor performance and growing ecosystem traction. To sustain this momentum, the DAO must evolve its support model — shifting from lean startup conditions to resourcing a high-performing team of professionals.
+
+To remain competitive, attract and retain talent, and scale effectively, the DAO should invest in its contributors. Providing the necessary resources will enable Seamless to mature into a strategically aligned, long-term team capable of delivering on the protocol’s [mission/vision](https://seamlessprotocol.discourse.group/t/gp-what-drives-seamless-core-beliefs-vision-future/584) and navigating the demands of future growth. For reference, over the course of development, an estimated $3.25 million USD has been operationally utilized across salaries, audits, infrastructure, legal, BD, marketing, and more.
+
+### Goals & Objectives
+This proposal seeks to increase the core contributor allocation from 11% to 22%. This amount remains below the industry averages of ~23-24% and is intended to ensure that contributors are rewarded fairly and supported sustainably.
+
+The additional SEAM allocation will support several high-priority initiatives:
+
+- **Strategic hiring and team expansion**
+    - One new full-time contributor and one contractor have already been onboarded
+    - Future hiring plans include:
+        - Full-stack engineers with individual all-in compensations in the range of $102k-$193k USD per year (note: strong full stack engineers command average all-in costs of ~$152k USD depending on experience and geography)
+        - DeFi-native generalists with individual all-in compensations in the range of $117k-$167k USD per year (note: DeFi-experienced non-technical contributors command average all-in costs of ~$147k a year, based on experience and geographical location)
+- **Funding essential protocol functions**
+    - Smart contract audits for Leverage Tokens v1.0, which typically cost between 50,000 and 100,000 USD per audit
+    - Two audits have been previously completed: one for the legacy lending and borrowing platform, and one for ILM version 1.0
+- **Alignment grants for long-term partners**
+    - Token grants to support the involvement of governance delegates, strategic partners, and key advisors
+- **Sustaining long-term execution**
+    - The Seamless roadmap is ambitious. This allocation ensures the protocol has the talent and resources needed to meet community expectations and deliver consistently
+
+By approving this proposal, the DAO can invest in the people and capabilities required to scale Seamless with focus and integrity. This would mean the continued execution of the [short term roadmap](https://x.com/SeamlessFi/status/1899912753520808419) and marching towards the Seamless [long term master plan](https://x.com/SeamlessFi/status/1906700199113723994).
+
+### Proposal Details
+
+#### Allocation
+- **11% additional SEAM tokens (11m in SEAM tokens)** sourced from DAO-owned and DAO-vesting smart contracts, taken as a subset of the **65% of SEAM reserved on-chain for DAO use**
+- SEAM to be moved from the **DAO timelock to a secure multisig** wallet designated by Core Contributors
+
+#### Technical Implementation
+- Execute onchain transfer from DAO-vesting smart contracts to DAO timelock
+- Transfer SEAM from DAO timelock to multisig/custody controlled by core contributors
+
+## Resources & References
+
+- [Governance Discussion](https://seamlessprotocol.discourse.group/t/gp-from-bootstrap-to-growth-continuing-seamless-dao-s-support-of-core-contributors/946)
+- [Proposal Implementation](https://github.com/seamless-protocol/gov-proposals/tree/main/proposals/sip_46)
+- Built using [Seamless Governance Proposals tools](https://github.com/seamless-protocol/gov-proposals)